Mon. 05/09 – Everything Is Down

Everything is down, not just tech stocks, but now crypto too. More signs of belt tightening and possible hiring freezes, this time from Uber. Twitter has avoided the overall market route thanks to Elon’s bid, but could the downturn effect that as well? Instagram launches an NFT pilot. And what to expect from Google’s I/O later this week.

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Links:

• Bitcoin’s Unraveling Hits 50% From Peak With Drop Below $33,000 (Bloomberg)
• Uber CEO tells staff company will cut down on costs, treat hiring as a ‘privilege’ (CNBC)
• Why Musk’s Twitter Bid Has Shaken Tesla Investors (NYTimes)
• Meta to start testing digital collectibles on Instagram (The Block)
• Costa Rica declares national emergency after Conti ransomware attacks (BleepingComputer)
• What to expect from Google I/O 2022 (The Verge)

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